Churchill Downs
CHDN
420 hedge funds and large institutions have $7.95B invested in Churchill Downs in 2024 Q2 according to their latest regulatory filings, with 79 funds opening new positions, 139 increasing their positions, 134 reducing their positions, and 36 closing their positions.
119% more first-time investments, than exits
New positions opened: 79 | Existing positions closed: 36
13% more capital invested
Capital invested by funds: $7.06B → $7.95B (+$898M)
10% more funds holding
Funds holding: 381 → 420 (+39)
4% more repeat investments, than reductions
Existing positions increased: 139 | Existing positions reduced: 134
0.18% more ownership
Funds ownership: 77.33% → 77.51% (+0.18%)
40% less call options, than puts
Call options by funds: $16.3M | Put options by funds: $27.1M
50% less funds holding in top 10
Funds holding in top 10: 8 → 4 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$175M |
| 2 |
William Blair Investment Management
Chicago,
Illinois
|
+$118M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
+$69.1M |
| 4 |
LCOV
London Company of Virginia
Richmond,
Virginia
|
+$57.4M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$56.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$394M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$113M |
| 3 |
Capital International Investors
Los Angeles,
California
|
-$85.6M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$36.3M |
| 5 |
Brown Advisory
Baltimore,
Maryland
|
-$35.2M |
CHDN Hedge Fund Activity: Q2 2024 in Review
420 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q2 2024, worth a combined $7.95B — up 13% from $7.06B a quarter earlier.
Buyers outnumbered sellers: 79 funds opened new CHDN positions and 36 closed out — a net gain of 43 holders — while 139 added to existing stakes and 134 trimmed.
The largest buyer was BlackRock, adding an estimated $175M. The largest seller was Capital Research Global Investors, cutting an estimated $394M.
- 420 institutional investors held Churchill Downs (CHDN) as of Q2 2024, up from 381 in Q1 2024.
- Funds reported $7.95B of Churchill Downs stock for Q2 2024, up 13% quarter-over-quarter.
- 79 funds opened new Churchill Downs positions in Q2 2024 and 36 closed out, a net change of +43 holders.
- The largest Churchill Downs buyer in Q2 2024 was BlackRock, an estimated $175M added.
- The largest Churchill Downs seller in Q2 2024 was Capital Research Global Investors, an estimated $394M sold.
Based on aggregated 13F filings for Q2 2024.